When it comes to actually investing your hard earned cash, it’s the people behind GoalsGetter, our team of experienced fund managers located in New Zealand, who are actually making the investment decisions.
Today there are a plethora of online investment platforms available that empower everyday investors to not only ‘dabble’, but seriously invest. ‘Robo-advice’ is a term coined to describe these online platforms that essentially use digital algorithms to enable people to invest without having to interact with a human.
Robo-advice is provided by a programme that provides algorithm-driven investment recommendations based on limited inputs from an investor. For example, you might answer a quick quiz about your age, income, and appetite for risk – and the robo-advice tool would recommend a fund that reflects your situation.
The benefits are that these platforms lower the entry-barrier for every-day investors and make it easier for investors to go through the process of investing. However, not all ‘robo-advice’ tools are the same and if you have complex financial requirements, they do not replace the services than can be provided by financial advisers.
With GoalsGetter, the ‘robo-advice’ component is available to help educate investors about how different inputs such as age, timeframe and fund types can impact the projected value of your investment in the future. It quickly and easily helps you set goals and select the right types of funds to suit your goals and investor profile.